Verint Systems Inc. (NASDAQ:VRNT) Receives Consensus Rating of “Hold” from Analysts

Verint Systems Inc. (NASDAQ:VRNT) has been assigned an average rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $26.3333.

Several research analysts have recently commented on the stock. Needham & Company LLC lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Wedbush lowered shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Verint Systems in a research note on Wednesday. Royal Bank Of Canada restated a “sector perform” rating and set a $20.50 price target (down previously from $29.00) on shares of Verint Systems in a research note on Tuesday, August 26th. Finally, Rosenblatt Securities lowered shares of Verint Systems from a “buy” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $20.50 in a research note on Monday, August 25th.

Verint Systems Stock Performance

Verint Systems stock opened at $20.25 on Friday. The firm has a market cap of $1.22 billion, a PE ratio of 28.52, a P/E/G ratio of 0.89 and a beta of 1.50. The firm’s 50 day moving average price is $20.26 and its two-hundred day moving average price is $19.03. Verint Systems has a twelve month low of $14.15 and a twelve month high of $34.80.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Tuesday, September 2nd. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $165.52 million for the quarter, compared to analyst estimates of $200.43 million. Verint Systems had a net margin of 6.87% and a return on equity of 11.06%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. Equities analysts anticipate that Verint Systems will post 1.92 EPS for the current fiscal year.

Institutional Trading of Verint Systems

Several large investors have recently modified their holdings of the company. Osaic Holdings Inc. boosted its holdings in shares of Verint Systems by 1,306.2% during the 2nd quarter. Osaic Holdings Inc. now owns 13,415 shares of the technology company’s stock worth $241,000 after buying an additional 12,461 shares during the period. Pitcairn Co. boosted its holdings in shares of Verint Systems by 20.4% during the 2nd quarter. Pitcairn Co. now owns 18,607 shares of the technology company’s stock worth $366,000 after buying an additional 3,159 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Verint Systems by 171.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,069 shares of the technology company’s stock worth $139,000 after buying an additional 4,466 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Verint Systems by 6.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 424,439 shares of the technology company’s stock worth $8,349,000 after buying an additional 26,271 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Verint Systems by 371.7% during the 2nd quarter. Bridgeway Capital Management LLC now owns 449,041 shares of the technology company’s stock worth $8,833,000 after buying an additional 353,841 shares during the period. 94.95% of the stock is owned by institutional investors.

Verint Systems Company Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.